Congrats to AJR! 🌟 They are brilliant.
But I don't agree with their idealized portrayal of institutions in Western development
It is historically inaccurate, if not ideologized
Thus, not only do they struggle to explain China, they also can't explain why Western economies like the US prospered despite being as corrupt as China is today
Congrats to AJR! 🌟 They are brilliant. But I don't agree with their idealized portrayal of institutions in Western development It is historically inaccurate, if not ideologized Thus, not only do they struggle to explain China, they also can't explain why Western economies like the US prospered despite being as corrupt as China is today
From Asparouhova’s perspective, the lesson we should draw is not that bad ideas should in fact be suppressed but that good ideas require the trussing of sturdy, credible institutions—structures that might withstand the countervailing urge to raze everything to the ground.
Gideon Lewis-Kraus • Why Good Ideas Die Quietly and Bad Ideas Go Viral
The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality
amazon.com
Why Nations Fail is a bit longer than The Communist Manifesto , but it is essentially The Bourgeois Manifesto . Merchants having become wealthy from the Atlantic trade win property rights in England, already primed for this breakthrough. Resultant regime called inclusive , though the merchants were primarily slavers.
They will underline however tha... See more
They will underline however tha... See more
Rakesh Bhandari • Tweet
Moving from discovery to implementation reduces one of China’s greatest weak points (outside-the-box approaches to research questions) and also leverages the country’s most significant strength: scrappy entrepreneurs with sharp instincts for building robust businesses. The transition from expertise to data has a similar benefit, downplaying the imp
... See moreKai-Fu Lee • AI Superpowers: China, Silicon Valley, and the New World Order
There is no right or wrong approach to development. China has done remarkably well thus far, but at the cost of political freedom, environmental damage, creating a society (through enforced limits on family size) in which there will be insufficient working-age men and women to support the elderly, large inefficiencies that have wasted great sums of
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